Sabre Corp (SABR) Shares Bought by Highbridge Capital Management LLC

Highbridge Capital Management LLC lifted its holdings in Sabre Corp (NASDAQ:SABR) by 93.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 371,800 shares of the information technology services provider’s stock after acquiring an additional 180,010 shares during the period. Highbridge Capital Management LLC owned approximately 0.14% of Sabre worth $6,729,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its position in Sabre by 51.4% in the 2nd quarter. BlackRock Inc. now owns 23,326,117 shares of the information technology services provider’s stock valued at $507,810,000 after buying an additional 7,919,869 shares in the last quarter. Vanguard Group Inc. increased its position in Sabre by 4.0% in the 2nd quarter. Vanguard Group Inc. now owns 16,094,899 shares of the information technology services provider’s stock valued at $350,385,000 after buying an additional 619,975 shares in the last quarter. FIL Ltd increased its position in Sabre by 433.5% in the 2nd quarter. FIL Ltd now owns 10,918,750 shares of the information technology services provider’s stock valued at $237,701,000 after buying an additional 8,872,029 shares in the last quarter. Burgundy Asset Management Ltd. increased its position in Sabre by 1.3% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 9,452,247 shares of the information technology services provider’s stock valued at $205,775,000 after buying an additional 120,532 shares in the last quarter. Finally, State Street Corp increased its position in Sabre by 72.5% in the 2nd quarter. State Street Corp now owns 6,514,500 shares of the information technology services provider’s stock valued at $141,819,000 after buying an additional 2,738,529 shares in the last quarter.

SABR has been the subject of a number of analyst reports. Jefferies Group upgraded Sabre from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Tuesday, August 15th. Goldman Sachs Group downgraded Sabre from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $20.00 in a research note on Monday, September 11th. Zacks Investment Research upgraded Sabre from a “sell” rating to a “hold” rating in a research note on Wednesday, September 20th. Deutsche Bank reiterated a “buy” rating and set a $22.00 price target (down previously from $25.00) on shares of Sabre in a research note on Monday, October 9th. Finally, Cowen set a $23.00 price target on Sabre and gave the company a “buy” rating in a research note on Thursday, October 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. Sabre currently has a consensus rating of “Hold” and an average target price of $22.63.

Sabre Corp (SABR) opened at $19.54 on Tuesday. Sabre Corp has a 12 month low of $17.30 and a 12 month high of $27.35. The firm has a market capitalization of $5,370.00, a P/E ratio of 15.32, a PEG ratio of 4.66 and a beta of 0.76. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 5.29.

Sabre (NASDAQ:SABR) last announced its earnings results on Tuesday, October 31st. The information technology services provider reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.07. Sabre had a return on equity of 53.97% and a net margin of 5.22%. The firm had revenue of $900.60 million for the quarter, compared to the consensus estimate of $884.04 million. During the same quarter in the previous year, the business earned $0.27 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. research analysts forecast that Sabre Corp will post 1.22 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Thursday, December 21st will be paid a $0.14 dividend. The ex-dividend date is Wednesday, December 20th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.87%. Sabre’s payout ratio is presently 81.16%.

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Sabre Profile

Sabre Corporation is a technology solutions provider to the global travel and tourism industry. The Company provides software and services to a range of travel suppliers and travel buyers. The Company operates through two business segments: Travel Network, and Airline and Hospitality Solutions. Travel Network is its global business-to-business travel marketplace and consists primarily of its global distribution system (GDS) and a set of solutions that integrate with its GDS to serve travel suppliers and travel buyers.

Institutional Ownership by Quarter for Sabre (NASDAQ:SABR)

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